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(a) Explain why the Pareto criterion does not provide a complete ordering of the ordinal utility space
(b) The competitive equilibrium is the only allocation where the gains from trade are exhausted. Is this statement true or false? Explain
Q. Explain about Demand - Constrained? Demand-Constrained: An economy is demand-constrained when level of output and employment is limited by the amount of overall demand (or s
Explainbainlimitpricetheory
Explain the figure of say''s law of market
what is demand function
impact of computer technology on nigerian economy
The Snob Effect - If network is negative externality, a snob effect exists. * The snob effect refers to desire to own unique or exclusive goods. * The quantity demanded o
Preference to Non-debt Creating Capital Flows: The most important element of strategy has been the paradigm shift in the attitude towards inflow of capital from abroad. Capit
if the Japanese yen appreciates against the U.S. dollar, do the Japanese businesses gain by a decrease in the dollar price of exports to the United States
types of cost
Gibb''s energy In every chemical system, the substance moves in a direction in which there is a decrease in free energy, for example i.e. ?G is negative. G = H - TS where, G is
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